Archive – Banking & Fintech

Swiss banks turn their backs on “merger mania”

This content was published on Nov 1, 2004 Ahead of the meeting, Professor Beat Bernet of the Swiss Institute of Banking and Finance told swissinfo about the international strategies of Switzerland’s two largest banks. The 2004 Finance Forum is focusing on the theme: “The bank of the future – strategies for increasingly competitive markets”. The event comes at a time when Europe’s major…

Swiss sink deeper into debt

This content was published on Nov 1, 2004 According to the debt collectors’ association, ten per cent of the country’s households owe large sums of money. Debt collection firms dealt with 1.6 million cases last year – more than double the figure for 2002. The money owed reached a total of SFr829 million ($690 million) compared with SFr715 million the previous year. The…

Switzerland to cater for tea lovers

This content was published on Oct 29, 2004 The first crop of green tea leaves is expected this year. The world’s favourite beverage after water, tea is consumed around the world and is part of the national culture in many countries. Traditionally, it is grown in tropical and subtropical countries. The idea of planting green tea in Switzerland came from Peter Oppliger, a…

Greens award booby prize for frivolous freight

This content was published on Oct 29, 2004 The Alpine Initiative singled out the company for this year’s “Red Devil Stone” as part of its campaign to reduce goods transport on Europe’s roads. Délifrance transports convenience bakery products from the Netherlands to Switzerland. Environmentalists say the company is one of many responsible for a dramatic increase in food transports over the past two…

Retail giant Migros appoints new boss

This content was published on Oct 29, 2004 The announcement came on the same day that a major new competitor unveiled more details of its plans to open discount stores across Switzerland. Claude Hauser, chairman of the nationwide Migros federation, said on Friday that Bolliger, 51, had been chosen “by a large majority” to replace Anton Scherrer as president of its general management…

Railway revolution hits Switzerland

This content was published on Oct 28, 2004 The new winter timetable, which came into force on Sunday, sees faster and more frequent services across an expanded network. Rail passengers will need to study the new timetable closely since 90 per cent of train departure times have changed. Such major modifications have not been made for years. The backbone of rail improvements is…

No bubble in Swiss property market

This content was published on Oct 28, 2004 It says the recent house-price boom in many countries has “passed Switzerland by”, with typical prices in Zurich and Geneva now below those in cities such as Paris and Munich. The report, “Making the Property Market Transparent”, was presented by the Zurich Cantonal Bank – Switzerland’s third-largest bank – at a conference in Zurich. “The…

The stock market crash that also hit Switzerland

This content was published on Oct 27, 2004 The stock exchange crash also had lasting effects on Switzerland, even if these were less visible than in the United States and elsewhere, according to Swiss historian Bernard Degen. It all began on “Black Thursday”. On the morning of October 24, 1929, a sharp fall in prices sent shares tumbling to record lows. Shares continued…

Paper mill ensures long shelf life

This content was published on Oct 26, 2004 Ziegler, based near Basel, supplied around 600 metric tons of paper for a work that was more than 12 years in the making – the Oxford Dictionary of National Biography. One qualification to warrant an entry in the dictionary, which takes up 3.35 metres of shelf space, is you have to be dead. It also…

Swiss help bring Roman Pompeii back to life

This content was published on Oct 26, 2004 The LifePlus programme takes real images of the ruined Italian city and adds the life that is missing, including simulated animals, plants, and humans. The ruins of a bar come to life as visitors wearing 3D glasses watch the waiter pouring out spiced wine for customers. In a nearby room, a beautiful woman reclines on…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss banks turn their backs on “merger mania”

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Swiss sink deeper into debt

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Switzerland to cater for tea lovers

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Greens award booby prize for frivolous freight

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Retail giant Migros appoints new boss

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Railway revolution hits Switzerland

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No bubble in Swiss property market

More

The stock market crash that also hit Switzerland

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Paper mill ensures long shelf life

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Swiss help bring Roman Pompeii back to life

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